Fukushima ‘incident’ makes nuclear industry safer, says Paladin chief
He said the Fukushima incident in Japan had been nothing more than a smokescreen obscuring the positive underlying fundamentals of the industry.A positive side to the Fukushima incident, where there were no deaths despite alarmist reports, was that it will make the industry even safer
Paladin Energy CEO delivers broadside against Greens Party, A leading Australian uranium industry figure fired a broadside at the country’s Greens Party which has pushed a case that Australia could be run totally on renewable energy by 2040. Ross Louthean, Mineweb 21 Jul 2011 PERTH – –
Speaking in the last session of the Australian Uranium Conference in Fremantle this evening, Paladin Energy Ltd’s chief executive John Borshoff described the case made by the country’s Greens Party that Australia could be run totally on renewable enrergy by 2040 as stupid. Continue reading
Australia’s Commonwealth Bank joins in the Murdoch press’s pro-nuclear marketing hype
Long-term contract prices are forecast to move steadily higher, following upward-trending spot prices and consistent with production increasing and shifting up the industry cost curve, the bank said….
Fukushima Accident Delays, Doesn’t Stop, Nuclear Renaissance -CBA, Fox News, By Ray Brindal, July 20, 2011,CANBERRA – The accident at Japan’s Fukushima Daiichi nuclear complex, which reignited concerns about the safety of nuclear power worldwide, hasn’t stopped the industry’s growth plans in many countries, though it has delayed the process, Commonwealth Bank of Australia reported Wednesday. Continue reading
Australia’s gas industry a lesser evil than uranium and nuclear power
As one who cares about the environment, I am reluctant to enthuse about LNG. However, the facts must be faced. In this over-populated world, with developing countries wanting material prosperity – energy use is escalating. And Australia is an energy exporter.
Nuclear energy’s real promise for the future is global and permanent pollution, epidemic cancer, escalating war and terrorism risk – increasing fear, danger, and suppression of civil liberties.
Liquified Natural Gas has its own threats of environmental damage, and erosion of civil liberties (especially for farming communities).
Until the world swings properly to energy conservation and renewables, LNG presents itself as a lesser evil, and as one more piece of compelling evidence that Australia does not need nuclear power, nor uranium mining. – Christina Macpherson
Gas boom could put us on top of the world: Woodside’s Michael Hession, THE AUSTRALIAN, RICK WALLACE, TOKYO CORRESPONDENT , July 20, 2011 AUSTRALIA could become the world’s largest exporter of LNG, the head of Woodside’s Browse Basin project told a major energy conference in Japan yesterday.
Woodside’s Michael Hession said Australia was poised to become the second-largest exporter behind Qatar, and was ideally placed to meet the soaring demand being driven by Asian growth and the shift away from nuclear power in the wake of Japan’s Fukushima disaster.
The conference heard a range of bullish predictions on the future of Australia’s LNG industry, including the assessment from Australian government forecaster Jane Melanie that “what we are expecting to see is nothing less than a gas revolution”….. Dr Hession said the trend away from nuclear power in Japan and other countries would fuel this demand even more....http://www.theaustralian.com.au/business/mining-energy/gas-boom-could-put-us-on-top-of-the-world-woodsides-michael-hession/story-e6frg9df-1226097870716
ERA uranium miner’s share loss, new project now unlikely
Like the rest of the uranium producers and explorers, ERA’s sharemarket rating has been hit by the fallout for uranium demand expectations from the Fukushima nuclear-power meltdown in March……..Analysts believe that ERA is unlikely to commit to the heap-leach project while Ranger continues to struggle with water-handling issues. The mine is surrounded by Kakadu National Park.
Rio Tinto on fire despite drenched Ranger, Sydney Morning Herald, Barry Fitzgerald, July 14, 2011“…….Water-handling issues at ERA’s Ranger mine in the Northern Territory have savaged the operation’s production levels. In the June half, production collapsed by 65 per cent to 601 tonnes of the radioactive material….
ERA is still a fraction of the company it was in October last year when it shares were selling at $14.78. The value hit stands at more than $2 billion, most of which is worn by Rio as ERA’s 68 per cent shareholder. Continue reading
Australians investing in solar power, but choosing Europe
Australian uranium companies’ share price tumble
Uranium Companies, Bloomberg, by Shani Raja, 2 July 2011, Mining companies sank as an index of metals traded in London dropped 3 percent through June 30, driven by reports showing that manufacturing growth in China, the U.S. and Europe slowed in May. Speculation that rising inflation may prompt Chinese authorities to raise interest rates cut the shares.
Uranium miners Paladin Energy Ltd. (PDN) and Energy Resources of Australia Ltd. (ERA)tumbled more than 30 percent as the crisis at Japan’s Fukushima Dai-Ichi nuclear plant continued to roil the global nuclear-energy market. Paladin’s valuation, at 1.6 times its assets, has fallen so much it may become a takeover target, Citigroup Inc. said in a June 21 report…… http://www.bloomberg.com/news/2011-07-01/australia-stocks-post-first-quarterly-loss-in-year-as-oil-prices-retreat.htmlhttp://www.bloomberg.com/news/2011-07-01/australia-stocks-post-first-quarterly-loss-in-year-as-oil-prices-retreat.html
Economic sense for BHP to pull out of Western Australian uranium mining
“Australian uranium exporters and investors are uniquely vulnerable to the volatile and unpredictable nuclear industry that has never lived upto the promises it has made in the past,” ….. “The nuclear renaissance is dead. The nuclear industry was in enormous trouble well before the disaster at the Fukushima complex…BHP Billiton moving senior staff away from Yeelirrie uranium project
Query on Yeelirrie after BHP moves PETER KLINGER, The West Australian, June 20, 2011, A fortnight after admitting it had put the Yeelirrie environmental approvals process on hold, BHP Billiton is understood to have begun dismantling the senior management team charged with overseeing WA’s biggest uranium development.
The miner is under enormous pressure from investors to find and develop projects that will make a material difference to its top and bottom linesComplicating the matter for BHP is that development of Yeelirrie would create significant political and community backlash in WA, where there is vocal opposition to uranium mining, in return for only modest financial rewards for the world’s biggest miner…..http://au.news.yahoo.com/thewest/business/a/-/wa/9669593/query-on-yeelirrie-after-bhp-moves/
BHP Billiton looks like pulling out of Yeelirie uranium mining
“the nuclear industry is increasingly unpopular and unprofitable and BHP Billiton has seen the writing on the wall for the uranium trade in WA”.
BHP’s Yeelirrie doubts reflect high risk and low return from uranium mining, 20 June 11, WA’s peak environment group today welcomed news that BHP Billiton’s Yeelirrie uranium mining project is indefinitely on hold, with growing speculation that BHP will pull out of the project altogether. Continue reading
Australia’s uranium industry hit as European countries reject nuclear power
The downturn in European interest in nuclear energy has now impacted Australia, the world’s third largest exporter of uranium oxide after Canada and Kazakhstan.
Fallout From Fukushima Rattles Australia’s Uranium Mining Industry, The Street, 16 June 2011 The slow-motion Japanese Fukushima reactor debacle has sent ripples worldwide, with Germany, Switzerland and Italy all now deciding to exit nuclear power. Continue reading
Oblivious of world trends, Australia’s nuclear marketeers hype on
Greens’ Senator Scott Ludlam says the Minister is underestimating the impact of this year’s nuclear disaster in Japan….”The nuclear industry’s been going backwards. They’ve closed more reactors than they’ve opened since 2002.”
Uranium exports predicted to quadruple ABC News (Australian Broadcasting Corporation) Jun 10, 2011 An independent analyst has supported a statement by the Federal Government that Australian uranium exports could quadruple in the next 20 years.
The Minister for Resources and Energy, Martin Ferguson, made the statement during this week’s AusIMM uranium conference in Perth….
Get ready for nuclear, Sydney Morning Herald, Mark Hawthorne, June 11, 2011
WITH energy needs, carbon pricing and the tragic events at Fukushima firmly on the agenda, Andy Lloyd walked into Media House this week to deliver a Lowy Institute lecture on Australian attitudes to nuclear power.
Lloyd is chief development officer for uranium with Rio Tinto and, despite the tragedy at Fukushima, had a clear message – unless we are willing to pay more, nuclear power will have to play a major role in Australia’s future energy mix …….”I am not advocating a start on nuclear power today, but we need the foundations for a nuclear future.”
Erica Smyth –Nuclear power should also be considered for Australia, she says.”We have good, stable geology, we have the right sort of environment, particularly on the east coast,”
– Female trailblazer Erica Smyth still fired up * Matt Chambers The Australian *June 13, 2011
“……Smyth, 59, is now a professional director, with one of her roles being chairwoman at uranium explorer and developer Toro Energy…… Continue reading
Australia’s mining industry to promote itself again with $multimillion advertising
Miners dig in to improve image,The Age Clare Kermond, Lucy Battersby.June 10, 2011 THE mining sector is ramping up its new multimillion-dollar marketing campaign, expected to run for the next three years, aimed at improving the industry’s public image. A second wave of ads about the industry’s contribution to the nation is due for release soon, with three already in rotation….
Bad news for uranium shareholders
Paladin reacts to share price drop SMH, June 10, 2011 Uranium miner Paladin Energy Ltd has sought to dampen market rumours about the company’s financing arrangements, a potential capital raising and a potential sale by Newmont Mining of its 6.71 per cent stake in Paladin.
Paladin issued a statement on Friday to clarify its position, after the company’s shares came under “considerable selling pressure” for two days……http://news.smh.com.au/breaking-news-business/paladin-reacts-to-share-price-drop-20110610-1fvoe.html
EYE ON EQUITIES Analyst urges caution as First Uranium dips to all-time lows, DARCY KEITH Globe and Mail UpdateJun. 09, Shares in First Uranium Corp. (FIU-T0.56-0.02-3.45%) remain snuggled close to all-time lows after getting smacked Wednesday in response to weaker than expected fourth-quarter results. A resurgence in negative sentiment toward uranium producers after the Japanese nuclear crisis hasn’t helped matters.
Raymond James Ltd. analyst Bart Jaworski thinks investors may be wise backing away from the stock for the time being…..http://www.theglobeandmail.com/globe-investor/investment-ideas/features/eye-on-equities/analyst-urges-caution-as-first-uranium-dips-to-all-time-lows/article2053830/
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Rio Tinto and ERA’s shame in Ranger uranium mine and collapse of share price in collapse of
the collapse in the group’s share price from a 52-week high of $15 to yesterday’s closing price of $4.68 suggests, there is something very wrong with ERA….Most analysts now believe the development of a heap leach operation at Ranger will not proceed…
Ranger a ride of shame for ERA and Rio Tinto, The Age, Barry FitzGerald.June 8, 2011“……….Bad news is selectively released to brokers and analysts, keeping the dissemination of ugliness to assessments of what it means in share price terms.
That is the strategy Rio has employed with its major shame in this country – Energy Resources of Australia, the Ranger uranium miner, of which Rio owns 68 per cent. Continue reading
Australia’s nuclear salesmen at Canadian “clean” energy talks
Australian scientists tops in international talks about CLEAN ENERGY . Sounds great, doesn’t it? But what are these talks, and who are Australia’s scientific representatives?
Well, the (poorly attended) talks were in Canada, (another uranium producing country), and of Australia’s four representatives, two look very like nuclear salesmen.
There’s Barry Brook, well known nuclear power enthusiast, and Robin Batterham, formerly of giant uranium mining company, Rio Tinto
Fortunately the other two have more believable credentials on clean energy.- Christina Macpherson
Aussie scientists dominate global energy talks ABC News By Sara Phillips, Jun 7, 2011 Australian scientists represent almost a quarter of invited guests at an international energy conference that aims to “reboot the global dialogue on energy”. The Equinox Summit 2030 in Waterloo, Canada has gathered 17 international experts in energy generation, storage and distribution to map a path to a clean energy future.
With the world in dire need of an alternative to fossil fuels to prevent further climate changing greenhouse gases from being released into the atmosphere, the race is on to develop and roll out cleaner technologies. Continue reading
1 This month.
PETITION – To: Prime Minister Anthony Albanese and the Australian Labor Government
Chernobyl: The Lost Tapes – A good documentary on Chernobyl on SBS available On Demand for the next 3 weeks– https://www.sbs.com.au/ondemand/tv-program/chernobyl-the-lost-tapes/235274195556
19 May – Webinar- Webinar: No Nuclear Weapons in Australia
Start: 2026-05-19 18:00:00 UTC Canberra, Melbourne, Sydney (GMT+10:00)
End: 2026-05-19 19:30:00 UTC Canberra, Melbourne, Sydney (GMT+10:00)
20 May – Webinar – The dangerous world of AUKUS, US, military occupation and suppression of dissent
National Webinar, 20th May, 2026, 6.30pm AEST. Confronting laws restricting/suppressing protest speech and action
Speakers: Former Sen. Rex Patrick, Lawyer Nick Hanna ,Arthur Rorris ,Jorgen Doyle, Sen David Shoebbridge,
Facilitator Kelley Tranter.
of the week – Australians for War Powers Reform (AWPR)
To see nuclear-related stories in greater depth and intensity
Antinuclear 